Stash Overview
Stash is a user-friendly, subscription-based trading platform designed to cater to beginners and intermediate investors, offering a comprehensive suite of tools for investing, banking, and personal finance management.
Key Features
- Automated and DIY Investing: Stash allows users to choose between automated investing through its robo-advisor, Smart Portfolio, and self-directed investing. The Smart Portfolio feature creates customized stock and ETF portfolios based on the user’s risk tolerance, goals, and time horizon, all without additional fees or minimum requirements.
- Banking and Financial Tools: Stash integrates banking services, including a Stock-Back® Debit Card that rewards users with stock instead of cash back on their purchases. Users can also set up direct deposits, receive paychecks up to 2 days early, and utilize mobile deposits and budgeting tools to manage their cash flow effectively.
- Saving and Budgeting Tools: The platform offers several tools to help users save and invest regularly. Features include Auto-Stash for setting a regular investing schedule, Round-Ups for investing spare change from transactions, and Smart Transactions to optimize asset allocation. Users can also set financial goals and receive guidance along the way.
- Retirement and Custodial Accounts: Stash provides traditional and Roth IRA options, although its retirement account selection is limited compared to other platforms. Additionally, it offers custodial accounts for building savings for a child’s future.
- Fractional Shares and Thematic Investments: Users can invest in thousands of stocks and ETFs, including fractional shares, and choose from thematic investments that align with specific trends or market sectors.
- Education and Advice: Stash offers extensive educational materials, including live webinars and curated articles, to help users understand personal finance, investing, and money management. While human advisors are not available for consultations, the platform provides digital advice and recommendations from a registered investment advisor (RIA).
Subscription Plans
Stash offers two main subscription plans:
- Stash Growth: The basic plan, which includes access to thousands of stocks and ETFs, personalized advice, $1,000 in life insurance, and banking features like the Stock-Back Card, all for $3 per month.
- Stash : The premium plan, which adds features such as advice on family finances, market insights, and custodial accounts, available for $9 per month.
Additional Benefits
- Low Minimums: Users can start investing with as little as $1.
- Transparent Fees: Stash has a clear and transparent fee structure.
- Penalty-Free Withdrawals: Users can access their money when needed without penalties.
- Comprehensive Support: The platform includes tools for setting schedules, tracking spending, and achieving financial goals.
Overall, Stash is an all-in-one solution for those looking to manage their finances, save, and invest in a straightforward and accessible manner. Its user-friendly interface, automated investing options, and integrated banking features make it an ideal choice for beginners and intermediate investors.